Insufficient Consumption of Vaccines in China from Behavioral Economics Perspective

DOI

10.2991/aebmr.k.220307.143How to use a DOI?

Keywords

Behavioral economics; Vaccine; Game theory; Public good; Irrational consumer

Abstract

The COVID-19 outbreak began in January 2020. China began to provide free vaccination in early 2021. Although vaccines have been recognized by many countries, according to surveys, some Chinese people still choose not to get vaccinated because of concerns about the safety and effectiveness of vaccines. This paper aims to analyze the insufficient consumption behavior of Chinese people for this vaccine from the perspective of economics. The data are mainly derived from the questionnaires conducted by some scholars, and some are represented in a form of statistical charts. This paper focuses on the embodiment of behavioral economics for people’s consumption behavior and combines it with people’s consumption behavior for vaccines during the epidemic, and aims to analyze the causes and effects of inadequate vaccine consumption through the existing problems of Public Good. This research shows that insufficient consumption behavior is closely related to behavioral economics, and people’s decisions can be explained and predicted by game theory.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yukun Lu
PY  - 2022
DA  - 2022/03/26
TI  - Insufficient Consumption of Vaccines in China from Behavioral Economics Perspective
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 885
EP  - 889
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.143
DO  - 10.2991/aebmr.k.220307.143
ID  - Lu2022
ER  -